May 10, 2016
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Appointment of women director: mandate requires every listed company to have at least one woman on the board, with role flexible.
The requirement that listed companies appoint a woman director stems from Section 149 of the Companies Act and is enforced by a SEBI mandate requiring each listed company to have at least one woman director, who may serve as executive, non executive, independent or non independent; SEBI reported compliance data as of March 31, 2016, and did not require disclosure of whether a woman director is a family member of a promoter or senior executive.